Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Pawn licences required

Pawn licences required

THE MINISTRY of Economy and Finance called Monday for pawnbrokers to apply for licences following a prakas, or edict, signed this month. In an announcement in the Khmer-language press, the ministry said it would issue the US$250 annual licences until the end of March. “We have opened for those who have the ability to obtain a licence because we want to bring them within areas in which they are under control,” said Mey Vann, director of the Financial Industries Department. New rules say pawnshops must have minimum capital of 200 million riels (US$50,000), and that interest rates will be capped at 5 percent.

0

Comments

Please, login or register to post a comment

Latest Video

Bodies of Cambodian peacekeepers returned to Kingdom

The bodies of four Cambodian peacekeepers killed by a Christian militia in Central African Republic were repatriated to the Kingdom and honoured in an airport ceremony on May 21.

Phnom Penh eats: Ptas Nak Battambang

As the name suggests, Ptsa Nak Battambang – which in English means Battambang's house – is the right place for those who want to try some of the province's typical dishes in Phnom Penh.

Military police stand guard outside a polling station that was allegedly prematurely closed to eligible voters during the 2013 general election in Kandal province. Photo supplied

The Ministry of Defence on Friday lashed out at civil society and election monitoring groups, claiming a

Opposition leader Kem Sokha uses his hat to gesture to supporters during a campaign rally yesterday in Siem Reap province. Facebook

Prime Minister Hun Sen yesterday threatened to unleash war on the opposition party if he loses patience with their campaign for the June 4 commune